February 26, 2025 | Eye On Housing

New Home Sales Slow in January 2025

Jing FuFebruary 26, 2025February 26, 202513 mins

New home sales decreased in January to a three-month low, as housing affordability continues to sideline potential home buyers. Mortgage rates are expected to remain above 6% throughout 2025, coupled with elevated home prices, creating a significant affordability challenge for both first-time buyers and those looking to upgrade. Sales of newly built, single-family homes in…

Year-over-Year Gain for Multifamily Missing Middle

Robert DietzFebruary 26, 2025February 24, 202502 mins

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession. However, there was a noticeable uptick for this type of housing construction in recent data. For the fourth…